個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
Equability by Jen Candle Company: A Manufacturing Inventory Exercise
內容大綱
In November 2020, the owner of Tranquility by Jen Candle Company located in Canmore, Alberta, Canada, was reviewing her company’s financial performance for its third fiscal year. The company was a candle manufacturer located in Canmore, Alberta, Canada. The owner had gathered the company’s statement of financial position for fiscal year 2018–19, the list of cash receipts and disbursements for 2019–20, and various related miscellaneous information. Her task was to record all necessary accounting transactions for the current fiscal year, ending October 31, 2020.
學習目標
This exercise is best positioned for manufacturing inventories in an introductory-level course on financial accounting. The exercise amalgamates the accounting treatment for manufacturing inventory, adjusting entries, and liabilities. As a result, it is best taught after students have had an opportunity to learn and practice these topics. This exercise is designed to facilitate students’ understanding of accounting entries related to manufacturing inventories and accrual-based accounting. After working through this exercise and assignment questions, students will be able to<ul><li>discuss allocation of costs to raw materials, work-in-progress, and finished goods inventory accounts;</li><li>differentiate between product and period costs in a manufacturing company;</li><li>identify cash versus non-cash transactions; and</li><li>consider how cash receipts or disbursements were initially posted, identify entries that were incorrectly recorded, and make proper adjusting entries.</li></ul>